Citigroup (C) Earnings Report for Q4 2024 Set to Release Soon

Citigroup will announce its Q4 2024 earnings, with analysts expecting strong performance metrics and updates on CEO Jane Fraser’s strategies

Citigroup (C) Earnings Report for Q4 2024 Set to Release Soon
Citigroup (C) Earnings Report for Q4 2024 Set to Release Soon

New York: Citigroup is gearing up to share its fourth-quarter earnings this Wednesday before the market opens. Analysts are keeping a close eye on what the bank will reveal.

They’re expecting earnings per share to hit around $1.22 and revenue to be about $19.49 billion. Last quarter, Citi surprised everyone with better-than-expected results, thanks to a boost in investment banking and equity markets.

Citi’s CFO, Mark Mason, mentioned that they’ve seen significant growth in investment banking fees and market business, which is promising for this quarter too. However, comparing this quarter to last year might be tricky due to some charges Citi recorded at the end of 2023.

Investors are also eager to hear updates on CEO Jane Fraser’s turnaround plans. She’s been at the helm since March 2021 and has been working on streamlining the bank, including selling off some international branches.

Citi’s stock has been doing well, climbing nearly 37% throughout 2024, and it’s already up over 4% this year. So, there’s a lot of anticipation around this earnings report!

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